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Saudi Arabia Gives $100m to UN Counter-Terrorism Center
- August 8,2013
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- Lucien Zeigler
The Royal Embassy of Saudi Arabia today announced in a distributed press release that the Kingdom has donated $100 million to the U.N. Counter -Terrorism Center on occasion of the Eid Al-Fitr, the end of Ramadan. “I announce the donation from the Kingdom of Saudi Arabia of $100 million to support this center and work for its activation under […]
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‘Oil Kingdom’: Saudi Economy Expert Says Shale is the New ‘Peak Oil’ and that Saudi Arabia Still Rules Energy Markets
- August 7,2013
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- SUSTG Team
Saudi Economy expert John Sfakianakis, formerly with Banque Saudi Fransi and now Chief Investment Strategist for MASIC, pens an analysis in Foreign Policy about how Saudi Arabia’s oil production will outlast the shale craze in the United States:
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$7 Billion Deal Inked Between U.S.-Based Fertilizer Giant Mosaic Company and Ma’aden, SABIC
- August 5,2013
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- Lucien Zeigler
U.S.-based fertilizer giant Mosaic Company signed a $7 billion contract with Saudi Arabia Basic Industries (SABIC) and the Saudi Arabian Mining Company (Ma’aden) for a 3.5 million ton phosphate operation in the Kingdom, according to a press release issued today. “The estimated $7 billion greenfield project, to be known as Wa’ad Al Shamal, or Northern Promise, Phosphate Project, […]
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An7a.com Releases List of Most Influential Saudis on Twitter
- July 13,2013
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- Lucien Zeigler
The Arabic website An7a.com released a list of the most influential Saudis on Twitter. The website ranks Saudi Arabia’s most popular users based on number of followers and other measurements like Klout, which measures a user’s influence and following on social networking sites. Saudi comedian Fahad Albutairi (@fahad) tops the list. Prominent Saudi commentator and […]
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U.S.-Saudi Business Opportunities Forum Website, Registration Launched by Organizers
- July 11,2013
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- Lucien Zeigler
Organizers of the upcoming U.S.-Saudi Business Opportunities Forum announced today a new website and live registration to the upcoming conference taking place September 16-18 in Los Angeles, California. The Saudi-US Trade Group (SUSTG) is pleased to be an organizer of the upcoming U.S.-Saudi Business Opportunities Forum to be held at the J.W. Marriott L.A. LIVE downtown. […]
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Foreign Worker Amnesty: Deadline Extended by Saudi King Abdullah to November 3
- July 3,2013
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- Lucien Zeigler
Saudi Arabia has given foreign workers until November 3rd to obtain legal status in the country “a day before a previous three-month amnesty expired, bringing respite to hundreds of thousands of expatriates who fear deportation,” News 24 and other outlets report. “Foreigners who do a different job to the one listed on their residence permit, […]
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Weekend Shift In Saudi Arabia ‘A Welcome Development’ Among Saudis
- July 1,2013
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- Lucien Zeigler
From SUSRIS, an excellent roundup of opinion and analysis on Saudi Arabia’s recent weekend shift and the implications for business and aspects of Saudi Arabia’s society. “There’s hardly anyone who likes to wait for the weekend to get here quickly but in the case of Saudi Arabia many have been waiting for years to see […]
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Marriott Worldwide, Saudia Announce Partnership To Offer More Reward Options for Regional Travelers
- June 25,2013
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- Lucien Zeigler
Marriott Rewards members traveling throughout the Middle East can now earn ‘Saudia’ Airlines – Alfursan Miles for stays at more than 3,700 Marriott International hotels in 70 countries across 14 distinctive brands, according to a press release. Additionally, Marriott points can also be redeemed for Alfursan Miles. The new program takes immediate effect for travelers.
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Saudi Arabia Changes Weekend to Friday and Saturday, Will Move Kingdom Closer To Regional and International Schedules
- June 23,2013
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- Lucien Zeigler
In a move that was anticipated for some time, Saudi Arabia’s King Abdullah issued a royal decree to change the weekend in the Kingdom from Thursday/Friday to Friday/Saturday.
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Saudi Arabia’s Ministry of Commerce and Industry Cracks Down on Counterfeits In Boost to Consumer Protection
- June 10,2013
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- Lucien Zeigler
This week, Saudi Arabia’s Ministry of Commerce and Industry (MCI) issued a press release on the Ministry’s Web Site that authorities had seized over 6,000 counterfeit cellphones. Looking to send a message to would-be counterfeiters and violators of consumer protection regulations, MCI authorities placed the forged phones in a pile then drove over them all […]
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MUST-READS
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Saudi EconomyPressure is building on Saudi Arabia’s economy, but Riyadh isn’t blinking yet
The signs of pressure on the Saudi economy are building up by the day, as the country struggles to cope with low oil prices, waning confidence and nervous investors.
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National Transformation PlanSaudi deputy crown prince paves path for kingdom’s post-oil era
Saudi Arabia’s ambitious Deputy Crown Prince Mohammad bin Salman has emerged as the symbol of Saudi Arabia’s quest to reshape its policies within an ever changing region plagued by geopolitical rivalry, changing alliances and dwindling energy revenues.
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U.S. Oil ProductionEIA: About 50 percent of new oil coming from fracking
Nearly half of the oil produced in the United States came as a result of hydraulic fracturing last year, the U.S. Department of Energy said.
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DaeshISIS Turns Saudis Against the Kingdom, and Families Against Their Own
Among 20 terrorist episodes in Saudi Arabia since late 2014, the killing of Sergeant Rashidi was the third in which citizens had secretly joined the Islamic State and killed relatives in the security services.
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U.S.-SaudiSaudi King Meets Republican Delegation Ahead of Obama Visit
The Saudi Press Agency says the U.S. team was led by Sen. Lindsey Graham of South Carolina, and included Senators Thom Tillis of North Carolina and David Perdu of Georgia, as well as Congressmen David Jolly of Florida, Adam Kinzinger of Illinois and Tom Rice of South Carolina.
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FrackingOpposition to Fracking Mounts in the U.S.
Opposition to the practice of hydraulic fracturing or "fracking" has increased significantly in the past year as environmental concerns, such as earthquakes, have grown, even though the procedure has helped keep oil prices low.
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SyriaSyrian forces pursue campaign against Islamic State after retaking Palmyra
Syrian government forces backed by Russian air strikes battled Islamic State insurgents around Palmyra on Monday, trying to extend their gains after taking back control of a city whose ancient temples were dynamited by the ultra-radical militants.
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EgyptAir HijackingEgyptAir Hijacking: Seif Eldin Mustafa Arrested in Larnaca, Cyprus
A high-level source close to the operation said the hijacker's motive seemed to be about a "personal" matter involving a woman. The hijacker is believed to be an Egyptian national.
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Brussels AttacksKingdom Tower is illuminated with the Belgium national colors
The Kingdom Tower in Riyadh lit up on Wednesday with the colors of the Belgian flag to express Saudi Arabia’s strong condemnation of Tuesday’s terrorist acts in the Belgian capital Brussels, killing and injuring hundreds of innocent people.
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Cyber AttacksWhy the Military Can’t Go After Iran for Hacking Your Dam
The difference between a possible act of war and a simple hack lies in how much evidence there is linking Firoozi, not just to Iranian leadership but to a specific order.
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